Regulatory Alerts2019-03-18
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Royal Decree of 1 March 2019 amending the Royal Decree of 23 September 1992 on the annual accounts of credit institutions, investment firms, and collective investment management companies
This Royal Decree amends the disclosure requirements for credit institutions, investment firms, and collective investment management companies by removing exemptions from reporting off-balance sheet rights and obligations arising from transactions with related parties. Specifically, it abolishes the option to exclude transactions conducted under normal market conditions or between members of the same group, aligning Belgian banking accounting rules with IAS 24. These new disclosure obligations apply for the first time to financial years beginning on or after 1 January 2019.
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